Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
ONLINE investment products distributor iFAST Corporation on Friday posted a 65.2 per cent drop in second-quarter net profit on weaker revenue and higher staff costs.
Net profit for the three months ended June 30, 2016, stood at S$1.14 million, compared to S$3.28 million from a year ago.
Revenue fell 16.4 per cent to S$19.4 million, due in part to a "negative market reaction" to Brexit in June 2016.
Staff costs also rose, reflecting the increased number of staff, especially in its China operation.